Investor snaps up one of Sydney’s cheapest homes for $510,000
Investor snaps up one of Sydney’s cheapest homes for 0,000
Investor snaps up one of Sydney’s cheapest homes for $510,000
Sydney
01/04/2017, 5:02 pm
01/04/2017, 5:33 pm
Anita Balalovski has worked as a real estate auction reporter for the past 6.5 years. She drives The Sunday Telegraph’s auction coverage each weekend with NSW property editor Stephen Nicholls. Anita prides herself in being a media chameleon: print, online, social media, video presenting, script writing, radio, TV guest coordinator and producer, PR, communication coordinator and advisor, she’s done it all for some of the biggest Australian media outlets and NGOs. Anita is currently coaching her husband to be auction-ready when he bids solo for their next home…his wife is rather busy on Saturdays attending other people's auctions.
230 Captain Cook Drive Willmot.
ONE of Sydney’s cheapest homes in the western suburb of Willmot sold to an investor for $510,000 today — 20,000 above reserve.
Of the 13 who registered to bid for the three-bedroom cottage on an overgrown 675-square metre block at 230 Captain Cook Drive, there were eight investors.
Some were from Penrith, Blacktown, Liverpool and even Albury but it was a Ryde investor who won it.
The dining area at the Willmot home.
The backyard at Willmot.
The first bid was $380,000 and it went up in mostly $20,000 bids.
Daniel Montes de Oca of Wiseberry Prestons/Liverpool said even though the rental return of $330-$360 a week isn’t that good, the capital growth would be great.
CoreLogic said the median house price for three-bedroom homes in Wilmot is $440,000.
Nature reserve outlook from the back of the house at Willmot.
Another set of investors beat first home buyers at the auction of a three-bedroom brick home at Blacktown.
First time on the market, 50 Dora Street sold $100,000 above reserve for $800,000 to a Baulkham Hills investor family.
There were 20 registrations for the home on 695-square metres of land.
50 Dora Street Blacktown.
Shondel Surma of LJ Hooker Stanhope Gardens said the rental return would be $420-$440 a week.
Another investor family from Georges Hall also snapped up a home in Fairfield West for $761,000.
67 Tasman Parade Fairfield West.
The three-bedroom clad-and-tile home on a 582 square metre block at 67 Tasman Parade had nine investors and family owner occupiers register.
Graham Ball of Graham Ball Estate Agents Wetherill said the new owners paid $86,000 above reserve and it will rent it out at $500 a week.
var e = document.createElement(‘img’);
e.setAttribute(‘src’, “https://www.realestate.com.au/news/wp-content/uploads/facebook-analytics/facebook-analytics.html?pageName=” + ia_document.title);
document.body.appendChild(e);
Source: real estate news and property market realestate.com.au